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Ghana's Petroleum Exploration and Production Bill: Steps Forward, But Room for Improvement

 The current draft of Ghana's Exploration and Production Bill has been tabled in parliament and referred to the Parliamentary Select Committee on Mines and Energy for consideration. The committee reached out to the Natural Resource Governance Institute (NRGI), among other key stakeholders, to provide comments on the bill as part of a wider public consultation. NRGI presented its comments to the committee at a stakeholder meeting on 6 July 2015.

The petroleum bill is fairly comprehensive in scope, providing for some public participation in decisions around opening and closing of areas for petroleum activities; establishing a fiscal regime in general terms; and providing for local content and environmental management. The bill also includes several strong governance provisions such as a public petroleum register and, importantly, an open and competitive bidding process, which has the potential to help Ghana get the best deal for its petroleum resources.

However, the bill could be strengthened in some key areas.

See NRGI's comments here: http://www.resourcegovernance.org/news/blog/ghanas-petroleum-explor...

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